The Jim Pattison Group has consolidated its Prairie farm equipment dealerships in Saskatchewan and Manitoba under one new banner. Pattison on Tuesday announced the merger of its Maple Farm Equipment and JayDee AgTech chains, which deal mainly in John Deere farm equipment. The two chains are to be rebranded as Pattison Agriculture. Darrin Didychuk, now […] Read more
Tag Archives john deere — page 7
Pattison merges Deere dealership chains
Major Deere dealer sheds stake in Prairie chain
Canada’s biggest Deere dealership group has sold its minority stake in a Prairie dealership chain back to the chain’s majority owners. Calgary-based Cervus Equipment Corp. said Wednesday it has sold its 21.449 per cent of Maple Farms Partnership, owner of the Maple Farm Equipment chain of Deere farm equipment dealerships, back to Maple for about […] Read more
Deere to license Precision Planting wares to Ag Leader
Iowa precision ag equipment maker Ag Leader will be able to make and sell high-speed planting equipment using certain systems from Precison Planting — when, or if, Deere and Co. seals its deal to buy the latter company. Deere and Ag Leader announced Wednesday they will have a licensing agreement in place allowing Ag Leader to […] Read more
Deere & Co. to buy Monsanto’s Precision Planting farm equipment business
Chicago/Reuters – Monsanto Co’s Climate Corp subsidiary on Tuesday announced a definitive agreement to sell its Precision Planting farm equipment business to Deere & Co for an undisclosed sum. The deal also allows nearly real-time data connections between certain John Deere farm equipment and Climate’s farming software programs, Climate FieldView. Climate will keep its digital farming […] Read more
John Deere to acquire European farm equipment maker Monosem
Reuters – Deere & Co. shares rose about 2 per cent on Monday after the company said it plans to acquire Monosem, a European family-owned farm equipment manufacturer that specializes in “precision planters” designed to increase crop production. Deere would not comment on the transaction’s financial details or Monosem’s revenues, but it does expect the […] Read more
Deere cuts profit forecast as farm equipment sales decline
Reuters — Farm equipment maker Deere and Co. posted a 43 per cent fall in first-quarter profit and cut its full-year profit forecast as lower corn prices and weak farm income weighed on demand for agricultural machinery. The company, which gets nearly two-thirds of its revenue from farm and turf machinery, cut its 2015 net […] Read more
Deere to cut over 900 U.S. workers as ag economy weakens
Chicago | Reuters — Deere and Co., the world’s largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery. The layoffs, which represent about three per […] Read more
Cyber-Savvy Farmer
